Supply side economists think the equilibrium output is determined by the supply of money.
Answer the following statement true (T) or false (F)
False
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Public schools in the United States get most of their operating funds from
A) income taxes on corporate profits. B) tariffs collected on imported goods. C) local property taxes. D) government production and subsidies.
The aggregate demand and aggregate supply model helps us to understand both short-run economic fluctuations and how the economy moves from the short to the long run
a. True b. False Indicate whether the statement is true or false
If businesses buy fewer capital goods, and nothing else changes, then total expenditures on U.S. goods and services will decrease. And if total expenditures decrease, then __________ will decrease; consequently, the __________ curve will shift __________
A) aggregate demand (AD); AD; rightward B) short-run aggregate supply (SRAS); SRAS; leftward C) aggregate demand (AD); AD; leftward D) interest rates; AD; leftward E) prices; AD; rightward
If Kelly's output per hour in 1995 were 100 and her output per hour in 1996 were 105, how much would her productivity be in 1996?
A. 5 B. 100 C. 102.5 D. 105